Director/PDMR Shareholding

KINGS ARMS YARD VCT PLC
   NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL
                      RESPONSIBILITY OR CONNECTED PERSONS


This form is intended for use by an issuer to make a RIS notification required
by DTR 3.1.4R(1).

(1)  An issuer making a notification in respect of a transaction relating to the
shares or debentures of the issuer should complete boxes 1 to 16, 23 and 24 -
see below.
(2)  An issuer making a notification in respect of a derivative relating to the
shares of the issuer should complete boxes 1 to 4, 6, 8, 13, 14, 16, 23 and 24 -
N/A.
(3)  An issuer making a notification in respect of options granted to a
director/person discharging managerial responsibilities should complete boxes 1
to 3 and 17 to 24 - N/A.
(4)  An issuer making a notification in respect of a financial instrument
relating to the shares of the issuer (other than a debenture) should complete
boxes 1 to 4, 6, 8, 9, 11, 13, 14, 16, 23 and 24 - N/A.

1. Name of the issuer

Kings Arms Yard VCT PLC

2. State whether the notification relates to (i) a transaction notified in
accordance with DR 3.1.4R(1)(a); or

(ii) DR 3.1.4(R)(1)(c) a disclosure made in accordance with section 793 of the
Companies Act 2006; or

(iii) both (i) and (ii)

Notification in accordance with (iii)

3. Names of persons discharging managerial responsibilities/director

T Chambers                  (Director)
A Lamb                          (Director)
W. T. Fraser-Allen        (Deputy Managing Partner - Albion Ventures LLP)
H. J. A. Stanford           (Partner - Albion Ventures LLP)
R. Whitby-Smith          (Partner - Albion Ventures LLP)
I Dolan                           (Partner - Albion Ventures LLP)
Albion Ventures LLP   (Investment Manager)

4. State whether notification relates to a person connected with a person
discharging managerial responsibilities/director named in 3 and identify the
connected person

T Chambers and A Lamb are Directors of Kings Arms Yard VCT PLC, and all the
other individuals referred to in 3 above are Partners  of Albion Ventures LLP,
the Investment Manager.

5. Indicate whether the notification is in respect of a holding of the person
referred to in 3 or 4 above or in respect of a non-beneficial interest

The notification is in respect of direct and nominee holdings of the individuals
referred to in 3 above.

6. Description of shares (including class), debentures or derivatives or
financial instruments relating to shares

Ordinary shares of 5p each

7. Name of registered shareholders(s) and, if more than one, the number of
shares held by each of them

T Chambers                  Nil Ordinary shares (direct holding)
A Lamb                          Nil Ordinary shares (direct holding)
W. T. Fraser-Allen        22,000 Ordinary shares (nominee holding)
H. J. A. Stanford           5,555 Ordinary shares (direct holding)
R. Whitby-Smith          21,893 Ordinary shares (direct holding)
I Dolan                           Nil Ordinary shares (nominee holding)
Albion Ventures LLP   Nil Ordinary shares (direct holding)

8. State the nature of the transaction

Acquisition of Ordinary shares as a result of the merger with Kings Arms Yard
VCT 2 PLC.

9. Number of shares, debentures or financial instruments relating to shares
acquired

T Chambers                  223,781 Ordinary shares
A Lamb                          88,796 Ordinary shares
W. T. Fraser-Allen          21,770 Ordinary shares
H. J. A. Stanford               5,566 Ordinary shares
R. Whitby-Smith            21,941 Ordinary shares
I Dolan                             27,532 Ordinary shares
Albion Ventures LLP       1,084 Ordinary shares (holding of fractional
entitlement as a result of the merger)

10. Percentage of issued class acquired (treasury shares of that class should
not be taken into account when calculating percentage)

0.2100%

11. Number of shares, debentures or financial instruments relating to shares
disposed

Nil

12. Percentage of issued class disposed (treasury shares of that class should
not be taken into account when calculating percentage)

N/A

13. Price per share or value of transaction

£0.165349 per Ordinary share

14. Date and place of transaction

3 October 2011

15. Total holding following notification and total percentage holding following
notification (any treasury shares should not be taken into account when
calculating percentage)

T Chambers                  223,781 Ordinary shares (direct holding) (0.1068%)
A Lamb                            88,796 Ordinary shares (direct holding)
(0.0424%)
W. T. Fraser-Allen          43,770 Ordinary shares (nominee holding) (0.0209%)
H. J. A. Stanford             11,121 Ordinary shares (direct holding) (0.0053%)
R. Whitby-Smith            48,834 Ordinary shares (direct holding) (0.0209%)
I Dolan                             27,532 Ordinary shares (nominee holding)
(0.0131%)
Albion Ventures LLP       1,084 Ordinary shares (direct holding) (0.0005%)

16. Date issuer informed of transaction

3 October 2011

Name of contact and telephone number for queries

Isabel Dolan - tel: [phone]
Partner of Albion Ventures LLP as Company Secretary to Kings Arms Yard VCT PLC

3 October 2011






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Source: Kings Arms Yard VCT PLC via Thomson Reuters ONE

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